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Fidelity Special Situations Class Series B

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Canadian Focused Equity

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeD Click for more information on Fundata’s ESG Grade

Fundata ESG Grade D

Click for more information on Fundata’s ESG Grade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2021, 2020, 2019, 2018, 2017

Click for more information on Fundata’s FundGrade

NAVPS
(07-24-2025) 		$62.29
Change
-$0.23 (-0.36%)

As at June 30, 2025

As at March 31, 2025

As at June 30, 2025

Period
Created with Highcharts 10.3.3Jan 2023Jan 2024Jan 2025Jul 2022Oct 2022Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Apr 2025Jan 2010Jan 2012Jan 2014Jan 2016Jan 2018Jan 2020Jan 2022Jan 2024$10,000$7,500$12,500$15,000$17,500$20,000Period

Legend

Fidelity Special Situations Class Series B

Compare Options

Fund Returns

Inception Return (June 02, 2008): 12.48%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 6.78% 12.72% 9.09% 9.09% 17.97% 23.78% 21.46% 10.55% 15.08% 15.47% 13.12% 14.61% 14.66% 13.59%
Benchmark 3.11% 7.42% 7.77% 7.77% 21.93% 18.45% 16.53% 9.94% 13.83% 11.39% 10.20% 10.24% 10.57% 9.37%
Category Average 2.56% 6.54% 5.90% 5.90% 16.70% 15.06% 14.40% 8.63% 12.89% 10.22% 8.93% 8.72% 9.05% 7.77%
Category Rank 9 / 600 20 / 578 40 / 578 40 / 578 273 / 577 28 / 571 36 / 560 191 / 553 176 / 542 44 / 531 53 / 497 35 / 472 18 / 416 18 / 392
Quartile Ranking 1 1 1 1 2 1 1 2 2 1 1 1 1 1

Monthly Return

Created with Highcharts 10.3.3-10%-5%0%5%10%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund -0.15% -1.98% 1.83% 1.72% 9.11% -2.23% 6.98% -5.21% -4.56% -1.42% 7.09% 6.78%
Benchmark 4.75% 0.75% 2.88% 0.77% 5.65% -2.12% 3.61% -0.67% -2.52% -1.16% 5.40% 3.11%

Best Monthly Return Since Inception

16.79% (April 2020)

Worst Monthly Return Since Inception

-16.50% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%0%20%40%60%80%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 9.21% 16.98% 19.71% -13.40% 29.95% 57.24% 0.12% -15.51% 21.57% 31.60%
Benchmark -0.77% 14.44% 10.80% -7.14% 21.45% 7.58% 21.76% -8.87% 13.60% 22.75%
Category Average -2.47% 11.42% 8.06% -8.78% 18.54% 7.73% 22.26% -9.42% 13.34% 19.16%
Quartile Ranking 1 1 1 4 1 1 4 4 1 1
Category Rank 30/ 379 95/ 412 19/ 435 434/ 485 14/ 520 9/ 534 534/ 542 432/ 554 97/ 565 42/ 572

Best Calendar Return (Last 10 years)

57.24% (2020)

Worst Calendar Return (Last 10 years)

-15.51% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 51.38
US Equity 27.51
International Equity 18.12
Cash and Equivalents 1.63
Foreign Corporate Bonds 0.84
Other 0.52

Sector Allocation

Sector Allocation
Name Percent
Basic Materials 21.89
Consumer Services 15.75
Technology 13.21
Financial Services 12.19
Consumer Goods 6.75
Other 30.21

Geographic Allocation

Geographic Allocation
Name Percent
North America 81.05
Asia 9.81
Europe 6.58
Latin America 0.93
Africa and Middle East 0.67
Other 0.96

Top Holdings

Top Holdings
Name Percent
Agnico Eagle Mines Ltd -
Berkshire Hathaway Inc Cl B -
ARC Resources Ltd -
Roblox Corp Cl A -
Shopify Inc Cl A -
TFI International Inc -
Pinduoduo Inc - ADR -
TMX Group Ltd -
Pan American Silver Corp -
JD.com Inc - ADR Cl A -

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return24681012141618-5%0%5%10%15%20%25%30%

Fidelity Special Situations Class Series B

Median

Other - Canadian Focused Equity

3 Yr Annualized

Standard Deviation 16.12% 17.48% 17.92%
Beta 1.18% 1.19% 1.23%
Alpha 0.02% -0.01% 0.02%
Rsquared 0.75% 0.67% 0.68%
Sharpe 1.05% 0.75% 0.71%
Sortino 2.13% 1.24% 1.01%
Treynor 0.14% 0.11% 0.10%
Tax Efficiency 96.22% 95.16% 95.50%
Volatility Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 10 on a scale of 1 to 10

Risk Rating

Rating 9 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 17.04% 16.12% 17.48% 17.92%
Beta 1.40% 1.18% 1.19% 1.23%
Alpha -0.11% 0.02% -0.01% 0.02%
Rsquared 0.69% 0.75% 0.67% 0.68%
Sharpe 0.86% 1.05% 0.75% 0.71%
Sortino 1.83% 2.13% 1.24% 1.01%
Treynor 0.10% 0.14% 0.11% 0.10%
Tax Efficiency 100.00% 96.22% 95.16% 95.50%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A12.0​12.040.8​40.80%10%20%30%40%50%60%70%80%90%100%

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A15.6​15.644.8​44.80%10%20%30%40%50%60%70%80%90%100%

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A13.4​13.437.9​37.90%10%20%30%40%50%60%70%80%90%100%

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A10.8​10.838.9​38.90%10%20%30%40%50%60%70%80%90%100%

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

View the full methodology

Fund Details

Start Date June 02, 2008
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Partially Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $333

Fund Codes

FundServ Code Load Code Sales Status
FID1288

Investment Objectives

The Fund aims to achieve long-term capital growth. It seeks a similar return to its underlying fund, which is also managed by Fidelity, by investing substantially all of its assets in units of that fund. The underlying fund aims to achieve long-term capital growth by investing primarily in equity securities of Canadian companies. The underlying fund seeks to identify investment opportunities that are believed to represent special situations.

Investment Strategy

The strategies described below relate to the Fund and the underlying fund, Fidelity Special Situations Fund.

Portfolio Management

Portfolio Manager

Fidelity Investments Canada ULC

  • Mark Schmehl
Sub-Advisor

-

Management and Organization

Fund Manager

Fidelity Investments Canada ULC
Custodian

State Street Trust Company Canada
Registrar

Fidelity Investments Canada ULC
Distributor

Fidelity Investments Canada ULC

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 2.22%
Management Fee 1.85%
Load Back Fee Only
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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